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of <h1>New Guidelines for Jewellery Seizure in Tax Searches: Focus on Undisclosed Assets; Considers Family, Customs, Female Ownership.</h1> The circular issued by the Central Board of Direct Taxes provides guidelines for the seizure of jewellery during search operations. It instructs authorized officers to limit seizures to undisclosed or unaccounted jewellery, considering factors like family status, community customs, and the number of female family members. Jewellery owned by female members should not be seized if deemed reasonable. If the assessee is subject to wealth tax, only excess jewellery not disclosed should be seized. Previously set quantum limits are withdrawn, and the instructions must be communicated to all relevant parties.
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